Magnite Developers Private Limited

Develops real estate projects in Pune, Maharashtra, including VTP Bellissimo in Hinjewadi.

2022 | Pune, Maharashtra (India) | Active
Last Updated: December 16, 2024

Magnite Developers Profile

Key Indicators

  • Authorised Capital ₹ 0.10 M
  • Paid Up Capital ₹ 0.10 M
  • Company Age 3 Year, 27 Days
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 1,200.00 Cr
  • Satisfied Charges ₹ 180.00 Cr

About Magnite Developers

Magnite Developers Private Limited (MDPL) is a Private Limited Indian Non-Government Company incorporated in India on 05 January 2022 (Three years 27 days old ). Its registered office is in Pune, Maharashtra, India.

The Company is engaged in the Real Estate And Construction Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 0.10 M and a paid-up capital of Rs 0.10 M.

The company currently has active open charges totaling ₹1,200.00 Cr. The company has closed loans amounting to ₹180.00 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Magnite Developers Private Limited India are Prasad Chavan as COMPANY SECRETARY and Budumuru Kumar as Cfo. Ashok Chordia, Bhushan Palresha, Anup Vishwakarma, and Two other members serve as directors at the Company.

Company Details

  • Location

    Pune, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U45309PN2022PTC207434

  • Company No.

    207434

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    05 Jan 2022

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Pune

Industry

Real Estate and Construction

Who are the key members and board of directors at Magnite Developers?

Executive Team (2)

Name Designation Appointment Date Status
Prasad Chavan Company Secretary 27-Jul-2023 Current
Budumuru Kumar CFO 06-Feb-2024 Current

Board Members (5)

Name Designation Appointment Date Status
Surendra Patil Country flag representing In Director 27-Mar-2023 Current
Priyanka Jain Country flag representing In Director 10-Apr-2023 Current
Bhushan Palresha Country flag representing In Director 05-Jan-2022 Current
Anup Vishwakarma Country flag representing In Director 19-Jun-2024 Current
Ashok Chordia Country flag representing In Director 12-Feb-2024 Current

Financial Performance of Magnite Developers.

Magnite Developers Private Limited, for the financial year ended 2022, experienced no change in revenue, with a 0% increase. The company also saw a no change in profitability, with a 0% increase in profit. The company's net worth witnessed no change by increase of 0%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
Revenue from Operations
Total Assets
Profit or Loss
Net Worth
EBITDA

What is the Ownership and Shareholding Structure of Magnite Developers?

Unlock access to Magnite Developers's control and ownership data, Corporate Shareholding Patterns, Funding (security allotment) details, Foreign Institutional Investor information, Directors and Key Management Personnel (KMP) Remuneration, Group Structure, Overseas Direct Investment and other pertinent data.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹12,000.00 M

Satisfied Charges

₹1,800.00 M

Charges Breakdown by Lending Institutions

  • Others : 1200.00 Cr

Latest Charge Details

Date Lender Amount Status
04 Oct 2022 Others ₹1,200.00 Cr Open
14 Jul 2022 Others ₹180.00 Cr Satisfied

How Many Employees Work at Magnite Developers?

Magnite Developers has a workforce of 111 employees as of Mar 27, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Magnite Developers, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Magnite Developers's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Magnite Developers

Recent activity within the organization

  • Annual General Meeting

    Magnite Developers Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

    30 Sep 2024

  • Director Appointment

    Anup Vishwakarma was appointed as a Director was appointed as a Director on 19 Jun 2024 & has been associated with this company since 7 months 14 days .

    19 Jun 2024

  • Balance Sheet

    Magnite Developers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Pune.

    31 Mar 2024

  • Director Appointment

    Ashok Dhanraj Chordia was appointed as a Director was appointed as a Director on 12 Feb 2024 & has been associated with this company since 11 months 20 days .

    12 Feb 2024

  • Director Appointment

    Budumuru Subudhi Sudhir Kumar was appointed as a Cfo was appointed as a Cfo on 06 Feb 2024 & has been associated with this company since 11 months 26 days .

    06 Feb 2024

  • Director Appointment

    Prasad Rajendra Chavan was appointed as a Company Secretary was appointed as a Company Secretary on 27 Jul 2023 & has been associated with this company since 1 year 6 months .

    27 Jul 2023

Frequently asked questions

  • Magnite Developers Private Limited was incorporated on 05 Jan 2022.

  • The authorized share capital of Magnite Developers Private Limited is ₹ 0.10 M and paid-up capital is ₹ 0.10 M.

  • Currently 7 directors are associated with Magnite Developers Private Limited.

    • Ashok Dhanraj Chordia
    • Bhushan Vilaskumar Palresha
    • Anup Vishwakarma
    • Priyanka Jain
    • Surendra Damodhar Patil
    • Prasad Rajendra Chavan
    • Budumuru Subudhi Sudhir Kumar
  • As per Ministry of Corporate Affairs (Mca), the registered address of Magnite Developers Private Limited is 3Rd Floor S. No. -34, Near Inorbit Mall Wadgaon Sheri India, Pune, Maharashtra, 411014.

  • The corporate identification number (CIN) of Magnite Developers Private Limited is U45309PN2022PTC207434 and the company number is 207434 as per Ministry of Corporate Affairs (MCA).

  • As Per 2022 financial reports, 111 employees are currently employed by Magnite Developers Private Limited.

  • As per the financial statements for fiscal Year 2022, The total open charges for Magnite Developers Private Limited amount to ₹ 1,200.00 Cr.

  • The most recent Balance Sheet for Magnite Developers Private Limited was filed with the ROC on 31 Mar 2024.

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